BITPRISMIA
The U.S. government is taking legal action to recover $7.1 million from a $97 million cryptocurrency fraud scheme, highlighting efforts to combat crypto-related crimes and protect investors.
Republican lawmaker Anna Paulina Luna accuses Federal Reserve Chair Jerome Powell of misleading Congress about the renovation costs of the Federal Reserve’s Eccles Building, and has urged the Department of Justice to investigate.
Democrat Josh Gottheimer urges his party to pass crypto bills, including the GENIUS Act and the Clarity Act, to regulate the crypto market and enhance US competitiveness.
The U.S. House of Representatives passed a procedural vote on crypto bills, including the GENIUS Act, with a final vote expected soon, marking a significant step for crypto legislation.
A US lawmaker claims Jerome Powell will be removed as Federal Reserve Chair, with the search for his replacement already underway, sparking debates about Fed independence and market stability.
Former President Trump declared July 15 as 'Crypto Week' and pledged to push for the passage of several digital asset bills in Congress, including the GENIUS Act and Anti-CBDC Act, leading to a surge in Bitcoin prices.
Congresswoman Maxine Waters opposes the CLARITY and GENIUS Acts, arguing they undermine SEC oversight and national security, while linking the bills to former President Trump's crypto-related financial gains.
The June CPI report shows US inflation reached its highest level since February, with headline inflation rising 0.3% MoM and 2.7% YoY, driven by shelter, energy, and tariff-influenced goods, reducing hopes for a Fed rate cut in September.
Jim Cramer predicts mainstream asset managers, including long-time skeptics like JPMorgan Chase CEO Jamie Dimon, will soon invest heavily in Bitcoin, driven by its recent price surge and upcoming regulatory developments in Washington.
The June CPI report is anticipated to show rising inflation, with Bitcoin reaching a new all-time high ahead of its release, indicating potential market volatility.